SJVN signs MoU for developing 1000 MW Floating Solar Prolects in Assam

A Memorandum of Understanding (MoU) has been signed between SJVN's wholly owned subsidiary SJVN Green Energy Limited (SGEL) and Assam Power Distribution Company Limited (APDCL) at Guwahati on October 17, 2022. The MoU has been inked for developing 1000 MW Floating Solar Power Projects in Assam by incorporating a Joint Venture Company.

The project will generate 2192 Million Units in first year after commissioning and around 50425 Million Units cumulative energy will be generated over 25 years. An investment of Rs 6000 Crores will be made by SJVN in the state for developing the project.

The company has aligned its Shared Vision of 5000 MW by 2023, 25000MW by 2030 & 50000 MW capacity by 2040 with that of Government of India's target of achieving 50% energy from non-fossil fuel sources by 2030. As a strategic & reliable partner, SJVN plans to play a vital role in clean energy transition of the nation.

Shares of SJVN Limited was last trading in BSE at Rs. 32.25 as compared to the previous close of Rs. 32.35. The total number of shares traded during the day was 231119 in over 1364 trades.

The stock hit an intraday high of Rs. 32.65 and intraday low of 32.00. The net turnover during the day was Rs. 7472662.00.

Source : Equity Bulls

Keywords

SJVN INE002L01015 MoU SJVNGreenEnergy AssamPowerDistributionCompany 1000MW FloatingSolarPowerProject